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NASDAQ:MRVL

Marvell Technology (MRVL) Stock Forecast, Price & News

$61.10

+2.61 (+4.46%)

(As of 06/1/2023 ET)

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Today's Range: $58.61
▼
$62.10
50-Day Range: $36.91
▼
$65.51
52-Week Range: $33.75
▼
$67.99

Volume: 24.97 million shs
Average Volume: 13.48 million shs
Market Capitalization: $52.55 billion

P/E Ratio: N/A
Dividend Yield: 0.39%
Price Target: $62.85

Marvell Technology MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.91 Rating Score
Upside/Downside: 2.9% Upside
$62.85 Price Target
Short Interest: Healthy
3.42% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.96
Upright™ Environmental Score
News Sentiment: 0.48
Based on 76 Articles This Week
Insider Trading: Selling Shares
$1.20 M Sold Last Quarter
Proj. Earnings Growth: 81.18%
From $0.85 to $1.54 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Business Services Sector

223rd out of 684 stocks

Semiconductors & Related Devices Industry

61st out of 178 stocks

2.5

Analyst's Opinion

Consensus Rating
Marvell Technology has received a consensus rating of Buy. The company's average rating score is 2.91, and is based on 21 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $62.85, Marvell Technology has a forecasted upside of 2.9% from its current price of $61.10.
Amount of Analyst Coverage
Marvell Technology has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
3.42% of the outstanding shares of Marvell Technology have been sold short.
Short Interest Ratio / Days to Cover
Marvell Technology has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Marvell Technology has recently increased by 21.52%, indicating that investor sentiment is decreasing significantly.

0.8

Dividend Strength

Dividend Yield
Marvell Technology has a dividend yield of 0.38%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Marvell Technology does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Marvell Technology will have a dividend payout ratio of 15.58% next year. This indicates that Marvell Technology will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Marvell Technology has received a 27.55% net impact score from Upright. Marvell Technology seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Network interface controllers", "Coaxial cables", and "System on a chip" products. See details.
Environmental Sustainability
The Environmental Impact score for Marvell Technology is -0.96.

3.0

News and Social Media Coverage

News Sentiment
Marvell Technology has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 76 news articles for Marvell Technology this week, compared to 9 articles on an average week.
Search Interest
179 people have searched for MRVL on MarketBeat in the last 30 days. This is an increase of 54% compared to the previous 30 days.
MarketBeat Follows
54 people have added Marvell Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 93% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Marvell Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,200,720.00 in company stock.
Percentage Held by Insiders
Only 0.45% of the stock of Marvell Technology is held by insiders.
Percentage Held by Institutions
81.28% of the stock of Marvell Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Marvell Technology are expected to grow by 81.18% in the coming year, from $0.85 to $1.54 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Marvell Technology is -321.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Marvell Technology is -321.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Marvell Technology has a PEG Ratio of 12.55. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Marvell Technology has a P/B Ratio of 3.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc. is a global semiconductor company founded in 1995 that designs and develops integrated circuits for various applications, including cloud computing, wireless communications, and storage solutions. The company aims to "empower the world's leading innovators to make lives better and the world safer."

Marvell's products and services cater to diverse customers, including some of the world's leading technology companies, such as Microsoft, Samsung, and Western Digital. The company has operations in over 20 countries and employs approximately 5,000 people.

Marvell's management team is led by Chief Executive Officer Matt Murphy, who joined the company in 2016. Murphy has over 25 years of experience in the semiconductor industry and has played a key role in driving Marvell's growth and transformation. A team of experienced executives with diverse engineering, operations, and finance backgrounds supports him.

Marvell reported revenue that has been increasing quite rapidly over the recent past. The company reported a net loss for the past several years, but that net loss has been reducing yearly as Marvell moves toward profitability. Marvell's gross margin is approximately 60%, consistent with the company's historical margin performance.

Marvell has a market capitalization of approximately $30 billion and trades at a forward price-to-earnings ratio that compares favorably to the semiconductor industry average forward P/E ratio. Marvell's price-to-sales ratio is also lower than the industry average. The company's valuation is driven by its strong financial performance, robust growth prospects, and ability to innovate and adapt to changing market conditions.

Marvell's stock has been volatile recently due to downgraded analyst ratings and uncertainty in the semiconductor market. The company's share price has paralleled the benchmark Philadelphia Semiconductor Index over the same period, indicating that this is a sector-wide problem, not a problem with Marvell directly.

The semiconductor industry has experienced significant growth over the past decade, driven by the proliferation of connected devices, cloud computing, and artificial intelligence. The industry is highly competitive, with prominent players like Intel and Broadcom dominating the market. However, Marvell has carved out a niche by focusing on high-growth markets such as 5G wireless, cloud computing, and automotive applications.

Marvell's competitive advantages include its strong engineering capabilities, innovative product portfolio, and strategic partnerships with leading technology companies. The company has also made significant investments in research and development to stay ahead of emerging technologies and market trends.

Marvell has several growth opportunities, including expanding its presence in the 5G wireless market, developing new products for cloud computing and artificial intelligence, and expanding into new geographic markets. The company has also made strategic acquisitions, such as acquiring Inphi Corporation, to expand its product portfolio and gain access to new customers and markets.

The semiconductor industry is subject to rapid technological change and evolving market conditions, making it challenging for companies to stay competitive. Marvell faces several risks and challenges, including increased competition, supply chain disruptions, and regulatory changes. The company's risk management strategies include diversification of its product portfolio, strategic partnerships, and investments in research and development to stay ahead of emerging technologies and market trends.

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MRVL Stock News Headlines

May 31, 2023 | marketbeat.com

Don’t Discount The AI Potential Of Ambarella; Buy On The Dip (MRVL)

Ambarella's Q1 results and guidance were insufficient to spark a rally and may lead to range-bound trading in 2023 despite the shift to AI.

May 30, 2023 | marketbeat.com

Workday: Another AI Winner Melting-Up (MRVL)

Workday is an old hat in the world of AI and has been leading the market for some time: the Q1 results were good and have the analysts driving the stock higher.

June 1, 2023 | Edge On The Street (Ad)

AI Getting Close to Thinking Like Humans

Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.

May 26, 2023 | marketbeat.com

The Melt-Up In Marvell Is On; But Don't Chase It Higher

AI is driving chip stocks like Marvell Technology and NVIDIA higher, and Marvell could gain triple digits before the move is over.

June 1, 2023 | finance.yahoo.com

C3.ai Earnings: The AI Revolution is Just Beginning

June 1, 2023 | finance.yahoo.com

2 Chip Stocks That J.P. Morgan Says Could Dominate the Critical AI Market

June 1, 2023 | finance.yahoo.com

Think Nvidia Stock Is Too Expensive? Buy This AI Stock Before It Soars Higher

June 1, 2023 | americanbankingnews.com

Marvell Technology (NASDAQ:MRVL) Sees Strong Trading Volume

June 1, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.

May 31, 2023 | seekingalpha.com

Marvell Technology, Inc. (MRVL) Goldman Sachs Global Semiconductor Conference (Transcript)

May 31, 2023 | americanbankingnews.com

Marvell Technology (NASDAQ:MRVL) Issues Q2 2024 Earnings Guidance

May 31, 2023 | americanbankingnews.com

Marvell Technology (NASDAQ:MRVL) Updates Q2 2024 Earnings Guidance

May 30, 2023 | nasdaq.com

Nasdaq 100 Movers: MRVL, AVGO

May 30, 2023 | msn.com

Goldman Sachs Maintains Marvell Technology (MRVL) Buy Recommendation

May 29, 2023 | finance.yahoo.com

The 41% return this week takes Marvell Technology's (NASDAQ:MRVL) shareholders five-year gains to 208%